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COPPER KING MINING (OTC: CPRK)
Detailed Quote: http://www.otcpicks.com/quotes/CPRK.php
Company Profile:http://www.otcpicks.com/copper-king-mining/copper-king-mining.htm
Copper King Mining Corporation currently owns approximately 1200acres in the Drum Mountains of Utah, which are patent deeded miningclaims which contain gold, silver and copper. The company recentlyadded to its holdings by filing six more claims on land which wasinside their holdings, but not patent deeded. Contiguous to thatacreage is approximately 1100 acres of claims filed by Western UtahCopper Company. As the companies explored the concept of a jointventure on the Drum Mountain properties, it was decided that a veryviable consideration was to join the total assets of bothcompanies.
CPRK News:
June 19 - Copper King Mining Corporation Announces Receipt ofBeaver County Inducement Resolution for Long-Term Bond Financing
Copper King Mining Corporation (OTC: CPRK), an ore mining,processing, and exploration company located in Milford, SouthernUtah, announced that it has obtained, through its wholly ownedsubsidiary, Western Utah Copper Company (WUCC), an inducementresolution from Beaver County, Utah, to issue taxable IndustrialRevenue Bonds totaling $100,000,000.
The Beaver County inducement states in part:
The Bonds issued by the County under the provisions of thisResolution shall not constitute nor give rise to a generalobligation, debt or liability of the County, or a charge againstits general credit or taxing powers. Nothing contained in thisResolution or in any other instrument shall be considered asindebtedness of the County or as obligating the County to anypecuniary liability or a charge against or upon the general creditof the County or against its taxing powers. Such limitations shallbe plainly stated and printed upon the face of said Bonds.
The bonds will be purchased by OCS Capital Group LLC's investmentbanking house. Copper King received a firm letter of commitment inadvance for the purchase of these bonds. The commitment states inpart:
The foundation is a qualified sophisticated institutional investoras defined by SEC rule 144(a) and is not relying on, or intendingto remarket the bonds.
The foundation will purchase the entire issue of the taxable Bondsin an aggregate principal amount not to exceed $100,000,000.
OCS, an OCS American Limited Liability Company, is an internationalbond-law consulting firm with offices in Pennsylvania, WashingtonDC, and Albuquerque NM. It is also a consultant on governmentrelations and government affairs. It provides technical andprofessional services to local, municipal, state and federalgovernment agencies in the United States and South America.
OCS past projects have ranged from $25 Million, up to $8.3 Billionand vary from mining to commercial developments in cities andtowns. Additional information will be released as approved by thelender.
LUMERA CORPORATION (NASDAQ: LMRA | Quote | Chart | News | PowerRating ) "Up 22.09% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/LMRA.php
Lumera Corporation designs electro-optic components based onproprietary polymer compounds for the telecommunications andcomputing industries. Its products include electro-optic modulatorsfor satellite communications and optical switching for telecomcomponents; and high speed optical interconnects for high speedsignal processing and defense/aerospace applications. It hascollaboration with the University of Washington to conduct researchand development in the field of optical materials technology. Thecompany was founded in 2000 and is headquartered in Bothell,Washington.
LMRA News:
June 23 - Lumera Corporation Announces Successful Polymer ModulatorTest Results and Updates Progress on its Proposed Merger withGigOptix
Lumera Corporation (NASDAQ: LMRA), a leader in the field ofphotonic communications, announced that it has successfullycompleted Telcordia standard reliability testing of its packagedpolymer-based electro-optic modulators.
"Achieving positive test results for our modulators demonstratesthe viability of Lumera's electro-optic polymer technology forcomponent fabrication. These results validate that polymermodulators can pass the same rigorous tests required of industrystandard components. Lumera is now in a position to sharereliability test results with potential customers and businesspartners; additionally, we are very encouraged with ongoingcustomer discussions and particularly with the possibilitiesarising in the proposed merger with GigOptix," said Dr. RalucaDinu, Vice President, Electro-Optics Business Unit.
Lumera's testing program was based on exacting industry standardtests including high temperature operation at 85 degrees C for2,000 hours, with 50mW laser power at 1550 nm, temperature cyclingranging between -40 degrees C and 85 degrees C for 500 cycles, hightemperature storage at 85 degrees C for 2,000 hours, lowtemperature storage at -40 degrees C for 72 hours and thermal andmechanical shock to name a few. While further statistical testingis necessary, this marks the first time that polymer modulatorshave successfully passed reliability tests as specified in theGR468 standard.
Lumera also announced that activities associated with its proposedmerger with GigOptix, LLC are progressing. Information pertainingto the proposed merger, historical results for GigOptix LLC and thecombined businesses are expected to become available when aninitial Registration Statement on Form S-4 is filed with the SEC.
MARINE EXPLORATION, INC. (OTC: MEXP | Quote | Chart | News | PowerRating ) "Up 4.76% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MEXP.php
Marine Exploration, Inc. is currently pursuing two primary projectsnorth of the Dominican Republic for which an exclusivestate-of-the-art host country treasure-salvage contract is inplace. Long term, the Company will explore up to fourteen morewrecks under the Dominican Contract and has plans in place topursue additional multiple notable shipwrecks worldwide.
MEXP News:
June 23- MEXP Details Its Joint Venture Partner's Successful FieldTesting Operations in Immediate Preparation for Its Survey inSearch of Over $100,000,000 in Sunken Treasure
Marine Exploration, Inc. (OTC: MEXP | Quote | Chart | News | PowerRating ) reports that Burt D. Webber, Jr., at the helm of its JointVenture Partner, Hispaniola Ventures, LLC, has successfullycompleted field testing operations in immediate preparation for itssurvey for targeted sunken vessels. Operating on the well-known1733 Capitana wreck site off the Florida Keys, Webber and his teamtested and calibrated their one-of-a-kind Geometrics diver-operatedcesium magnetometers and state-of-the-art Geometrics vessel towedcesium magnetometer over a two-day exercise.
Taking to the water to run his Operational Director throughtraining, Mr. Webber expressed: "It was a thrill to put the newequipment through its paces and train my team for the serious workahead."
The exercise served to ensure the proper operational functionalityof this equipment, designed to Webber's specifications, ahead ofthe maiden voyage of the Ocean Lady.
TECHPRECISION CORP. (OTCBB: TPCS)
Detailed Quote & News: http://www.otcpicks.com/quotes/TPCS.php
TechPrecision Corporation, through its wholly-owned subsidiaryRanor, Inc., produces high-precision, large scale metalfabrications and machined assemblies weighing up to 100 tons. Asignificant part of the Company's revenues are derived from thealternative energy industry. The Company also manufactures productsfor the nuclear, medical, defense, industrial and aerospace marketsegments. TechPrecision is one of a few end-to-end solutionsproviders with the ability to engineer the requisite tooling andthe entire manufacturing process for each respective productionprogram, fabricate, machine, assemble, test and deliver large scaleprojects with tight tolerance levels. The Company is a highlyvaluable contractor in all industry sectors due to leveraging itsexpertise from over 50 years of developing mission criticalproducts for the aerospace and defense industries to meet exactingrequirements for high pressure, strength, and precision metalfabrications.
TPCS News:
June 23 - TechPrecision Corporation Announces Conference Call toDiscuss Fourth Quarter Fiscal 2008 Results
TechPrecision Corporation (OTCBB: TPCS), a leading manufacturer oflarge-scale, high-precision machined metal fabrications for thealternative energy, medical, nuclear, defense, aerospace and othercommercial industries, announced today that it will conduct aconference call at 11:00 a.m. Eastern Time on Wednesday, June 25,2008 to discuss the fourth quarter and fiscal 2008 results.
TechPrecision Corporation CEO, Mr. James Reindl and Chief FinancialOfficer, Ms. Mary Desmond will be participating in the conferencecall. The Company plans to make an earnings announcement prior tothe call on Tuesday, June 24, 2008.
To participate in the live conference call, please dial thefollowing number five to ten minutes prior to the scheduledconference call time: 866-293-8971 or 913-312-1272. When promptedby the operator, mention Conference Passcode 6513841.
If you are unable to participate in the call, a replay will beavailable for 14 days starting on Wednesday, June 25 at 3:00 p.m.Eastern Time. To access the replay, dial 888-203-1112 or719-457-0820, and enter the passcode 6513841.
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